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Minijos Nafta plans first Lithuanian shale-gas well in 2012
Petras Vaida, BC, Vilnius, 23.01.2012.
Print version
Print versionMinijos Nafta UAB, a Lithuanian oil producer, plans to invest 10 million litas to explore shale gas in the west of the Baltic nation, LETA/ELTA reports, referring to Bloomberg.
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The company, which has a license to search for shale gas, plans to drill its first exploration well this year, the Gargzdai-based company said today in a statement on its website.
As reported, Swedish energy company Tethys Oil AB (Tethys) has agreed with Odin Energi A/S (Odin) to acquire interests in Lithuanian oil companies UAB Minijos Nafta (MN) and UAB LL Investicos (LLI), as Lithuanian media reported in early January.
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